NCS Multistage HoldingsNCSM +1.91%60 PS Ratio is 0.69 as of Jul. 13, 2026, which is 23% above its 10-year median of 0.56. GuruFocus rates NCSM with a GF Score™ of 60/100 and a GF Value™ of $26.08 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 879 Oil & Gas companies, NCS Multistage Holdings ranks better than 70.31% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, NCS Multistage Holdings's share price is $45.33.
NCS Multistage Holdings's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $65.55. Hence, NCS Multistage Holdings's PS Ratio for today is 0.69.
The historical rank and industry rank for NCS Multistage Holdings's PS Ratio or its related term are showing as below:
NCSM'
s PS Ratio Range Over the Past 10 Years
Min: 0.09 Med: 0.56 Max: 9.14
Current: 0.69
During the past 11 years, NCS Multistage Holdings's highest PS Ratio was 9.14. The lowest was 0.09. And the median was 0.56.
NCSM's PS Ratio is ranked better than 70.31% of 879
companies
in the Oil & Gas industry
Industry Median: 1.31
vs NCSM: 0.69
During the past 11 years, NCS Multistage Holdings's highest 3-Year average Revenue per Share Growth Rate was 26.60% per year. The lowest was -21.30% per year. And the median was 4.90% per year.
Back to Basics: PS Ratio
NCS Multistage Holdings (NAS:NCSM) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Oil & Gas Equipment & Services subindustry, NCS Multistage Holdings's PS Ratio, along with its competitors' market caps and PS Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NCS Multistage Holdings PS Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NCS Multistage Holdings's PS Ratio distribution charts can be found below:
* The bar in red indicates where NCS Multistage Holdings's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
NCS Multistage Holdings's Share Price of today is $45.33. NCS Multistage Holdings's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $65.55.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
NCS Multistage Holdings (NCSM) has a PS Ratio of 0.69 as of Jul. 13, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on NCS Multistage Holdings and its competitors. This is 23% above median its historical median of 0.56. Over the past decade, NCS Multistage Holdings' PS Ratio has ranged from 0.09 to 9.14. According to the industry distribution chart, NCS Multistage Holdings ranks #261 out of 879 companies in the Oil & Gas industry, placing it in the top 29.7%.
Is NCS Multistage Holdings' PS Ratio too high?
NCS Multistage Holdings' current PS Ratio of 0.69 is 23% above median its 10-year median of 0.56. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 9.14. The Oil & Gas industry median PS Ratio is 1.31. NCS Multistage Holdings' value of 0.69 is 47.3% below this industry median. Based on the distribution chart, NCS Multistage Holdings ranks #261 out of 879 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, NCS Multistage Holdings has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NCS Multistage Holdings' PS Ratio compare to QSEP and GEOS?
According to the Oil & Gas industry distribution chart, NCS Multistage Holdings ranks #261 out of 879 companies for PS Ratio. This puts NCS Multistage Holdings in the upper half of its industry. The industry median PS Ratio is 1.31. NCS Multistage Holdings' value of 0.69 is 47.3% below this benchmark. Historically, NCS Multistage Holdings' own PS Ratio has ranged from 0.09 to 9.14 over the past decade. While the company's 10-year median is 0.56 vs. the industry median of 1.31, NCS Multistage Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PS Ratio for an Oil & Gas company?
The median PS Ratio among Oil & Gas companies is 1.31, based on 879 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NCS Multistage Holdings's current PS Ratio of 0.69 is 47.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on NCS Multistage Holdings and its competitors. For the Oil & Gas industry, the median PS Ratio is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NCS Multistage Holdings's current PS Ratio is 0.69, which is 23% above median its own 10-year median of 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NCS Multistage Holdings stock overvalued right now?
Based on GuruFocus' analysis, NCS Multistage Holdings (NCSM) is currently considered Significantly Overvalued. The stock's GF Value™ is $26.08, compared to a current price of $45.33 — trading 73.8% above its estimated fair value. The current PS Ratio is 0.69, which is 23% above median its 10-year median of 0.56 and 47.3% below the Oil & Gas industry median of 1.31. NCS Multistage Holdings' overall GF Score™ is 60/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For NCS Multistage Holdings (NCSM), the current PS Ratio is 0.69 as of Jul. 13, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NCS Multistage Holdings (NCSM) Overvalued in 2026?
Based on GuruFocus' analysis, NCS Multistage Holdings stock appears to be overvalued.
The current stock price of $45.33 is trading 73.8% above its estimated GF Value™ of $26.08.
GuruFocus considers NCS Multistage Holdings to be Significantly Overvalued.
Key valuation signals for NCSM:
PS Ratio: 0.69 (23% above median its 10-year median of 0.56)
GF Value™: $26.08 vs. price of $45.33 (73.8% above fair value)
Industry Position: 47.3% below the Oil & Gas median (#261 of 879)
No single metric tells the full story. See the NCSM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NCS Multistage Holdings Inc is a provider of engineered products and support services that facilitate the optimization of oil and natural gas well construction, well completion, and field development strategies. The company provides its products and services to E&P companies for use in onshore and offshore wells, predominantly those drilled with horizontal laterals in unconventional and conventional oil and natural gas formations. It also provides tracer diagnostics services and sells products for well construction including casing buoyancy systems, liner hanger systems and toe initiation sleeves, along with certain complementary products from third parties. The company operates in the United States, Canada and other countries, with the majority of its revenue generated from Canada.
60GF Score
Get the complete analysis for NCSM
PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NCSM has been successfully added to your 
